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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office Spaces
2323 De La Vina St Ste 103 Santa Barbara, CA 93105-3878
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2616833
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Total area
1,974 SF
Lot
0.02 ac (871 SF)
APN
025-510-003
UPID
US10-2616833
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$620k
Owner & transaction history
Behrman Family Trust · 7 yrs held
Behrman Family Trust
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Barbara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Barbara submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$580,000
7%
$535,000
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$314 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$20,510
Tax year 2024
Assessed value
$1,932,590
Assessed 2024
Previous assessed
$1,932,590
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$944,829
Assessed improvement
$987,761
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Total area
1,974 SF
Lot
0.02 ac (871 SF)
APN
025-510-003
UPID
US10-2616833
Jurisdiction
SANTA BARBARA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.02 ac
Current owner
From public records · entity-resolved
Behrman Family Trust
Trust
Mailing address
5265 PASEO CAMEO ST STE #201, SANTA BARBARA, CA 93111-1133
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2019
$1,500,000
Behrman Family Trust
Montgomery Living Trust
Grant Deed
—
Mar 2, 2018
—
Montgomery Living Trust
Montgomery Mark T
Affidavit Of Death
related
—
Feb 11, 2014
—
Montgomery Living Trust
Montgomery,mark & Catherine W
Quit Claim Deed
related
—
Mar 14, 2008
—
Michael Behrman
—
Grant Deed
related
$1,428,121 · Caorl Behrman
Mar 6, 2008
—
Michael J Behrman
Behrman,michael & Carol
Quit Claim Deed
related
—
Sep 1, 2000
$1,158,000
Michael Behman
Keller,gregory S
Grant Deed
—
Dec 9, 1999
—
Keller Trust
Keller,gregory S
Quit Claim Deed
related
—
Oct 1, 1999
—
Gregory S Keller
Keller,paula F
Quit Claim Deed
related
$420,000 · Montecito Bank & Trust
Nov 16, 1990
$284,000
Gregory S Keller
Porter,gretchen
Quit Claim Deed
$517,600 · Goleta National Bank
—
—
Michael Behrman
—
Deed Of Trust
related
$438,750 · Santa Barbara Bank & Trust
—
—
Michael J Behrman
—
Deed Of Trust
related
—
—
—
Michael Behrman
—
Deed Of Trust
related
$500,000 · Business First National Bank
—
—
William H Porter
—
Deed Of Trust
related
$112,000 · Individual
—
—
Gregory S Keller
—
Deed Of Trust
related
$170,000 · Montecito Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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